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Abcourt Mines Inc. V.ABI

Alternate Symbol(s):  ABMBF

Abcourt Mines Inc. is a Canada-based junior mining company. The Company is engaged in gold producer and exploration company with strategically located properties in northwestern Quebec, Canada. Its projects include The Sleeping Giant Mine, Discovery Properties, Flordin Property, The Elder Mine and The Tagami Property, Abcourt-Barvue Project, Vendome Property, Aldermac Property, Jonpol Property and Other Properties. The Sleeping Giant Mine property is located half-way between Amos and Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec government. It comprises four mining leases covering an area of approximatively 458 hectares and 69 mining claims. The Discovery project has 166 claims with a total area of 4,166 hectares. The property is located about 30 km to the north-west of Lebel-sur-Quevillon, Quebec. The Flordin property is located approximately 25 km to the north of Lebel-sur-Quevillon, Quebec. It consists of 25 cells covering 976 hectares.


TSXV:ABI - Post by User

Bullboard Posts
Comment by Paracelsuson Jun 06, 2011 8:31am
513 Views
Post# 18674407

RE: The last three news releases were great!!

RE: The last three news releases were great!!Tremendous share dilution could be one reason. The dilution wouldn't be a problem if the company was mining and getting revenues. In general the whole market for equities is crappy. I think we should recall Mr. Hinse saying that the shares should be north of 50 cents by this spring. Doug Casey said much the same thing last fall for all juniors with the opinion that most of the the equities would be in multiples of their former values by spring. Remember how skeptical Jay Taylor looked back in December. I know I got caught in some of the fall fever for PM stocks as well. Dwek is another problem. I think ABI could be drilling through solid gold bricks in their mines and still get no respect this summer. If you can get ABI below 10 cents this summer then that may be a low risk buy for the fall fool season.
Bullboard Posts